[220 Pages Report] The security solutions market is expected to reach USD 372.90 Billion by 2022 at a CAGR of 10.16% between 2017 and 2022. The base year considered for the study is 2016, and the forecast period is between 2017 and 2022. The growth of the security solutions market is driven by factors such as the necessity to safeguard individuals as well as property from rapidly evolving threats, increasing consumer awareness & security concerns, willingness to pay for security systems, growing demand for the deployment of wireless technology in security systems, and adoption of IoT-based security systems.

The report aims at estimating the market size and future growth potential of the security solutions market based on type, end-use industry, and region. The report analyzes the market structure by identifying various subsegments of the security solutions market. It aims at identifying the major market trends and factors driving or restraining the growth of the market and its various submarkets. It also analyzes the Porter’s Five Forces model in detail along with the value chain analysis of the market, along with opportunities in the market for stakeholders by identifying the high-growth segments of the security products ecosystem. It strategically profiles the key players in the market and comprehensively analyzes their market size and core competencies in each segment.

The research methodology used to estimate and forecast the security solutions market begins with capturing data on key vendor revenue through secondary research. Some of the secondary sources used in this research include information from various fire protection associations and organizations such as the National Fire Protection Association (U.S.) and Security Solutions Magazine (Australia), among others. Vendor offerings have also been taken into consideration to determine the market segmentation.

The bottom-up procedure has been employed to arrive at the overall size of the security solutions market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedure has been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the following figure:

The research report segments the security solutions market into the following sections:

Scope of the Report

The security solutions market, in terms of type, end-use industry, and region has been covered in detail in this report. To provide a consolidated picture, the current market demand and forecasts have also been included in the report. The security solutions market has been segmented as follows:

By Type:

Product

Fire protection

Video surveillance

Access control

Entrance control

Intruder alarms

Wireless systems

Thermal cameras

Services

Security systems integration

Remote monitoring services

Fire protection services

Video surveillance services

Access control services

By End-use Industry:

Commercial

Residential

Government

Transportation

Retail

Banking & finance

Education

Industrial

Energy & utility

Sports & leisure

Healthcare

By Region:

Americas

Asia-Pacific

Europe

Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Market size for 2017, 2019, and 2021 for segments such as type, end user industry, and geography.

Company information: detailed analysis and profiling of additional five market players.

According to MarketsandMarkets’ forecast, the overall security solutions market was valued at 206.69 Billion in 2016 and is projected to reach USD 372.90 Billion by 2022, at a CAGR of 10.16% from 2017. The growth of this market is propelled by the necessity to safeguard individuals as well as assets from rapidly evolving threats, increasing consumer awareness & security concerns, willingness to pay for security systems, growing demand for the deployment of wireless technology in security systems, and adoption of IoT-based security systems.

This report covers the security solutions market based on type, end-user industry, and geography. In terms of product by type, fire protection and video surveillance are expected to hold the major market size during the forecast period. The growing usage of security devices such as fire alarms and video cameras is likely to drive the market for fire protection and video surveillance products. The demand for video surveillance systems and fire protection is increasing at airports, schools, office buildings, and public places.

The market for residential security solutions is expected to grow at the highest rate between 2017 and 2022. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and in residential complexes private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics-based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people and personal belongings in the residential sector is driving the growth of this market.

The security solutions market in Asia-Pacific is expected to hold the major share between 2017 and 2022. This region has witnessed rising economic development in terms of infrastructure (airports, railways, and highways) and robust growth in the financial and banking service sectors. All these factors have contributed to the rising demand for security solutions market here.